Groupon loses $42.7m in Q4, shares tumble


"Why pay tax on a loss"?

Because a multinational corporation's tax bill is determined individually for each country. For example, say they make a $10m profit in the UK but a $20m loss in the US. They operate at a loss overall and pay no tax in the US, but are still taxed on their UK profits.

This being a company that sells things, there are also sales taxes to consider.


Back to the forum


Biting the hand that feeds IT © 1998–2017